Support Groups for Credit Card Debtors
photo credit: TheTruthAboutMortgage.com
Being in serious debt thanks to your credit cards is a serious problem - but it’s one that you can get support for. Organizations such as Debtors Anonymous or simply groups that come together to meet in churches or cafes can really help you to feel that you’re not alone with your problem, and inspire you to find solutions to break the debt cycle.
A recent Wall Street Journal article told the personal stories of several people who are now working on their debt problems after joining support groups. For example, they explained the story of a 26-year-old female accountant who had almost no money to her name despite earning $82,000 a year. It turned out that her problem was mostly in spending money on extras and luxury, like expensive clothes, or high-end fruit for her boyfriend to eat!
Another member of a credit card support group found he was able to cut up his credit cards and manage his budget every pay day to start to pay off his debts and pay all his bills on time - until he met a new girlfriend. Suddenly all the payments he should be making on his debts were taken up with dating expenses. His group suggested he talk to the girl about the problem, and she dumped him - but he decided he was better off without her.
This entry was posted on Monday, August 4th, 2008 at 4:54 am and is filed under Credit & Debit Cards. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
